Russia has once again cut off gas supplies to the West.
(Photo: AP)
Dusseldorf The price of natural gas rose sharply on Monday morning. Most recently, the price used as a guide at the important TTF trading point was EUR 279 per megawatt hour of gas. That’s 35 percent more than last week.
The background to this is an announcement made by the Russian energy company Gazprom on Friday evening: No natural gas will flow to Germany through the important Nord Stream 1 gas pipeline for the time being. The official reason is an alleged oil leak at a compressor station, which experts are said to have discovered during a three-day maintenance. Gazprom claims that the leak endangers the safe operation of the pipeline.
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